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Thread: Harmoney

  1. #2851
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    Where Harmoney gets updated details about a borrower it updates things like residential status and location. I have a couple of borrowers now listed as living in Australia

  2. #2852
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    thanks @wsp. Yes, Residential Status is a key variable we look at for lending decision. It is somewhere between frustrating and suspicious to watch it change post loan being taken, particularly when the loan then gets charged off with little prospect of recovery. The joys of P2P investing.

  3. #2853
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    Quote Originally Posted by kiwi783 View Post
    Had my first charge-off. An A4 from Sept 2016 with last payment in May 2017. I hope is not a harbinger of things to come as I've been much more cautious with mainly A's and B's. A question for more experienced members:- The Residential Status now shows as "other" and time as "0 months". I checked the data from previous data extracts and the Residential Status was originally "Owned - Paying Mortgage". Is this change of status normal for Harmoney process or does it suggest something else?
    That seems pretty unlucky. I've had 11 defaults, 1 each B,C,D and the rest E. (I don't invest in F).

  4. #2854
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    "Get the car that I want with all the extras and get it now rather than later..."

    100% chance of a default from people who treat money like this.

  5. #2855
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    Anybody else find there RAR graph has been steadily trending down lately?
    I have invested since Oct 2015 and I thought RAR should have stabilized by now however it isn't.

    Screenshot_5.jpg

  6. #2856
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    Mine is going down.... Seems to be after a few Write Offs and repayments in full???

  7. #2857
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    Quote Originally Posted by Saamee View Post
    Mine is going down.... Seems to be after a few Write Offs and repayments in full???
    Maybe the new fee structure a few months back from harmoney is dragging rar down too.

  8. #2858
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    Quote Originally Posted by whitt View Post
    Anybody else find there RAR graph has been steadily trending down lately?
    I have invested since Oct 2015 and I thought RAR should have stabilized by now however it isn't.
    I started March 2015, had a period of falling RAR while shaking off most of the E and F defaults.
    Have re concentrated my lending to a very narrow range in the mid grades several months ago and my latest RAR has increased to 14.51%

    I have had an all-time loan total of over 1550 and 29 Charge-offs. Approx. 46% of my loans have been repaid but I actively pursue new loans with the spare cash.

    Attachment 9316

  9. #2859
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    Quote Originally Posted by whitt View Post
    Maybe the new fee structure a few months back from harmoney is dragging rar down too.
    Personally I never accepted the new T & C's with the 1st Fee change.... Not invested new $$'s here for what... 18 months now..... ( Got you PM ok will do )

  10. #2860
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    Quote Originally Posted by whitt View Post
    Anybody else find there RAR graph has been steadily trending down lately?
    I have invested since Oct 2015 and I thought RAR should have stabilized by now however it isn't.

    Screenshot_5.jpg
    What is your grade break up like?

  11. #2861
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    Quote Originally Posted by Saamee View Post
    Personally I never accepted the new T & C's with the 1st Fee change.... Not invested new $$'s here for what... 18 months now..... ( Got you PM ok will do )
    Latest RAR

    RAR.jpg

  12. #2862
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    Hi all, first post here. I've opened an account as in the last few years I've got more serious about making my money work for me and being able to retire at 55 (my goal) which is 24 years away for me. Below is my RAR, circa $2000 invested initially all interest reinvested with top ups to nearest 25$, now about $3k --- no arrears or write offs. I'm looking at branching out into shares and other P2P platforms. My goal is 10-12% returns due to the time I have available.

    20171206_111008.jpg
    Last edited by Timmay; 06-12-2017 at 10:15 AM.

  13. #2863
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    MY RAR is declining - down about 50 pips even with a slight increase in risk profile (no longer investing in As). Fees are up and rates down but also my charge-offs are climbing. As I posted a while back, according to Zopa in the UK these have been at historical lows in the last few years and are expected to increase in that market. It appears that Harmoney see it differently over here and reduced rates following a period of lower than expected charge-offs. I'm picking returns will continue to reduce but accept that we had it very good for a while with low fees and low charge-offs.

  14. #2864
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    May 2014
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    Rar.jpg

    heres mine

    spikes at beginning are cause I invested another $50k 3 months in

    rare stabilized slowly going down if anything, but like a lot of people my defaults are E's and F's, and I'm making sure my reinvestments are B,C,D avoiding the E's and F's

  15. #2865
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    Anyone know what this article is all about? https://www.nbr.co.nz/article/joke%E...ng-cs-p-210923

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